Packaging Corporation Of America Reports Third Quarter 2021 Results
Packaging Corporation of America reported third quarter 2021 net income of $251 million, or $2.63 per share, and net income of $257 million, or $2.69 per share, excluding special items. Third quarter net sales were $2.0 billion in 2021 and $1.7 billion in 2020. In the Packaging segment, total corrugated products shipments and shipments per day were up 2.3% over last year’s third quarter. Containerboard production was 1,256,000 tons, and containerboard inventory was up 91,000 tons from the third quarter of 2020 and up 17,000 tons compared to the second quarter of 2021. In the Paper segment, sales volume was down 33,000 tons compared to the third quarter of 2020, and up 2,000 tons compared to the second quarter of 2021.